One Village Bank Enters Reorganization Program, Dalian Rural Commercial Bank Accepts Client Deposits
Securities Times reporter Xie Zhongxiang
Recently, the Dalian Financial Regulatory Bureau officially released a notice on the reorganization of Dalian Jinqiuzhou Village Bank (hereinafter referred to as "Jinqiuzhou Village Bank"), agreeing in principle that the bank would enter a reorganization program. Public information shows that the bank's deposits have been taken over by Dalian Rural Commercial Bank, and funds are safe and unaffected. This is also the third time in three years that a small-to-medium-sized bank has gone bankrupt.
On August 8, both Dalian Rural Commercial Bank and Jinqiuzhou Village Bank published a letter to clients stating that, with the approval of the State Financial Management Department, Jinqiuzhou Village Bank's deposits had been taken over by Dalian Rural Commercial Bank. Relevant client information for accounts already opened at Jinqiuzhou Village Bank remains safe and unaffected. Clients can use their existing deposit books, deposit slips, bank cards, and relevant documents to conduct business as usual at Dalian Rural Commercial Bank's service network.
Prior to this, Jinqiuzhou Village Bank had published a notice on August 1 stating that its outlets, personnel, and deposits would be taken over by Dalian Rural Commercial Bank. According to the notice, the bank had submitted reports to the Dalian Financial Regulatory Bureau and the People's Bank of China, Dalian Branch, and completed relevant system switching work. The original account information for Jinqiuzhou Village Bank's deposit clients has been transferred to Dalian Rural Commercial Bank, where clients will receive standardized unified services.
According to the bank's official website, it currently operates 6 outlets, which are being taken over by Dalian Rural Commercial Bank's Goldstone Branch, Wuyi Road Branch, Ping'an Road Branch, Pedestrian Street Branch, Jinpu Five-Color City Branch, and Xinghe Road Branch.
The bank's data shows that it was registered with a capital of 114 million yuan in 2010, officially commenced operations on June 30 of that year. The bank was founded by former Baosheng Bank, which held a 30% stake as the first major shareholder. The latest business information shows that Baosheng Bank now holds a 30% stake in Jinqiuzhou Village Bank, while Dalian City-owned state-owned enterprises hold a 10% stake. Since its founding, the bank has invested nearly 30 billion yuan in credit funds in Dalian's Jinzhou New Area, covering industries such as sea cucumber farming, apricot cultivation, pig breeding, vegetable planting, seafood processing, kindergartens, and old-age homes. Notably, the bank has not publicly disclosed specific financial data. According to enterprise warning statistics, by 2016, the bank had total assets of 22.59 billion yuan, revenue of 8405.8 million yuan, and net profit of 1977.2 million yuan. Financial regulatory department fines information shows that on December 2024, Jinqiuzhou Village Bank was fined 150,000 yuan for failing to rectify data quality issues.
From a takeover party's financial perspective, according to Dalian Rural Commercial Bank's disclosed 2025 first-quarter financial data, as of March 31 this year, the bank had total assets of 1557.64 billion yuan. The bank's official website states that it has registered capital of 49.5 billion yuan and operates 336 outlets with over 4,000 employees.